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Rand slumps, breaching R8/dollar

May 09 2012 12:34

Johannesburg - The rand extended losses against the dollar on Wednesday, touching a three-and-a-half week low as renewed worries about growth prospects in Europe dented risk appetite.

The rand fell as much as 1.34% to R8.0020 to the greenback, its weakest level since April 16 according to Reuters data.

greece  |  rand  |  europe debt crisis  |  dollar  |  markets



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